Cuerpo highlights that the IMF ranks Spain as the fastest-growing major advanced economy for the third year running

The International Monetary Fund (IMF) has released updated economic growth projections, highlighting varied performance across global regions. Spain has been identified as the fastest-growing major advanced economy for the third consecutive year, a development welcomed by the Spanish government. Meanwhile, the global economy is expected to grow by 3.1% in 2026, supported by advancements in artificial intelligence that help offset geopolitical tensions in the Middle East.

Regional forecasts present a mixed outlook. While the Dominican Republic is projected to experience growth of 4.6% in 2026 and 4.4% in 2027, outperforming the Central American average, the broader Latin American and Caribbean region faces a downward revision. The IMF has lowered its growth expectations for Latin America to 2.3% for the current year and 2.5% for 2027, citing economic adjustments compared to previous estimates.